[jimbokun]

Aren't the people who play game number 1 largely responsible for the current financial mess? Maybe not day traders per se, but that sort of mentality of everyone thinking they are in the top few percent of investors and able to beat the market.

[fauigerzigerk]

No, because this time it's not a stock market bubble that burst. It's a credit bubble caused by very low interest rates. You could say that the stock market bubble of 2000 lead to the low interest rates, but it's not true. Money supply has sharply increased in the US since the 1980s. Now it's payback time for a few years I'm afraid.

[jhancock]

not really; that is leveraged buying. I'm talking about only buying things you actually have the cash to pay for.